![]() ![]() For example, some will have student card perks like free credit score access or the chance to earn cash back on your purchases. Your student card can do more for you than help you build credit. Instead, issuers hold on to it in case you are unable to pay off your debt (and will return it to you when you close your account or upgrade to an unsecured card). This deposit acts as your credit limit, though you can’t use it to make payments. If you can’t qualify for an unsecured credit card, you may have to settle for a secured card, which requires a refundable security deposit. If you’re new to credit cards, you should know the difference between secured and unsecured credit cards. Will I have to put down a security deposit? Knowing your credit score can help you avoid applying for a credit card you have little chance of getting approved for or a card you’re overqualified for and isn’t worth your time. It also shows you the credit cards you are qualified for. ![]() ![]() Your credit score does more than show lenders your creditworthiness. If you have a history of making late payments or have defaulted on a credit card in the past, your best option may be a credit card for bad credit. ![]() Student credit cards are also typically reserved for people in college who have little or no credit history. You have to be at least 18 to get your own credit card, but your chances of getting one before you’re 21 are slim unless you have a cosigner or can show a steady income as a student (note that this money could include income from grants and scholarships, but not from loans). When evaluating different student credit cards, here are a few questions to ask yourself: Do I qualify for a student credit card?Ĭredit cards have a minimum age requirement. Picking the right credit card as a college student isn’t always an easy task. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.ī is an independent, advertising-supported publisher and comparison service. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.Įditorial policy, so you can trust that our content is honest and accurate. Our experts have been helping you master your money for over four decades. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our goal is to give you the best advice to help you make smart personal finance decisions. Our editorial team does not receive direct compensation from our advertisers.īankrate’s editorial team writes on behalf of YOU – the reader. We maintain a firewall between our advertisers and our editorial team. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. ![]()
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